FPS Benefits Not Eligible for Industrial Valves Exports

Only Bicycle Parts under SNo. 269, the FPS Benefits Allowed

[DGFT Trade Notice No. 11 dated 14^th December 2015]

Subject: Clarification on availability of benefit under Focus Product Scheme of Foreign Trade Policy 2009-14 on the export of items mentioned at SI No. 269 of Appendix 37-D, Table-l of Foreign Trade Policy 2009-14 - of kind used on bicycle (ITC HS 8481).

The product description appearing under ITCIHS 8481 mentioned at Sl No. 269 of Appendix 37-D, Table-1 of Foreign Trade Policy 2009-14 notified vide public notice no.52 dated 25.02.2014 is as under:

‘ITEMS OF A KIND USED ON BICYCLES: TAPS, COCKS, VALVES AND SIMILAR APPLIANCE POR PIPES, BOILER SHELLS, TANKS, VATS OR THE LIKE, INCLUDING PRESSURE REDUCING VALVES AND THERMOSTATICALLY CONTROLLED VALVES’

2. DGFT has received representations from exporters requesting for providing benefits under focus Product Scheme of Foreign Trade Policy 2009-14 on the export of industrial valves under item at SI. No. 269 of Appendix 37D, Table-1 of Foreign Trade Policy 2009-14 notified vide public notice no. 52 dated 25.02.2014 or under any other any other SI. No. in the earlier public notices having same description and even to those items which are not used in bicycles.

3. It is hereby clarified that intention from the beginning had been to grant incentive to bicycle parts only under this serial No. 269 under FPS and this intention has been clearly indicated. Other items, which are not parts of bicycle, appearing in the above mentioned description are not eligible for FPS benefit under FTP 2009-14. The Focus Product scheme has sunset on 31.03.2015, therefore, there is no merit in requests for providing benefit to other products.

4. Cases where RA has issued any scrips against the export of parts other than those used in bicycle under ITCHS 8481 mentioned at SI No. 269 of Appendix 37-D, Table-1 of Foreign Trade Policy 2009-14 notified vide public notice no. 52 dated 25.02.2014 or under any other SI. No. in the earlier public notices having same description, are liable to be reviewed and corrective measures be taken to recover such claims granted by over sight.